UN Secretary General has said that United Nations(UN) owes India $38 million for peacekeeping operations as of March 2019.It is the highest UN has to pay to any country for the peacekeeping operations. The UN chief has also said that the troop and police-contributing countries will or will not be paid depends on the financial… Continue reading UN owes India $38 million for peacekeeping
Tag: India
Bhutan govt to place bill for ratification of BBIN initiative at its upper senate
The Bhutan government has decided to send the bill for ratification of the Bangladesh-Bhutan-India-Nepal(BBIN) initiative for road and rail connectivity to its upper senate. Bangladesh,Bhutan,India and Nepal had signed a framework Motor Vehicles Agreement (MVA)in June 2015 to enable movement of passenger and cargo vehicles across borders among the four countries. Bhutan has not yet… Continue reading Bhutan govt to place bill for ratification of BBIN initiative at its upper senate
China ready to wait for India’s BRI participation
China has said that it was ready to wait for India’s participation in China’s Belt and Road Initiative.But it has also said that India could be negatively impacted if it joins Belt and Road Initiative at a later stage as it will lose opportunities due to participation of international organisations at the upcoming BRI event.… Continue reading China ready to wait for India’s BRI participation
Pakistan releases another 100 Indian fishermen
Pakistan has released another 100 Indian fishermen as a goodwill gesture amidst tensions between the two countries after the Pulwama terror attack.The fishermen released were part of the second batch of 360 Indian prisoners Pakistan had announced to set free in four phases this month. Pakistan and India frequently arrest fishermen as there is no… Continue reading Pakistan releases another 100 Indian fishermen
India shifts to net steel importer in 2018-19 fiscal
India has emerged as a net importer of steel for the first time in three years during fiscal year 2019.It became a net importer despite being the second largest steel producer. India’s imports has increased due to (a)demand for better quality of steel in the domestic market and (b)reduced exports due to imposition of tariffs… Continue reading India shifts to net steel importer in 2018-19 fiscal
Malaysia approves Chinese project after price is slashed
Malaysia has reopened a closed Chinese rail construction project after China agreed to slash the price by 30% from the original cost.Under the reworked deal,the 648-km rail link will now cost $10.6 billion. The concession to Malaysia is part of a broad reassessment of China’s ambitious infrastructure program known as the Belt and Road Initiative,… Continue reading Malaysia approves Chinese project after price is slashed
India’s population growth rate outpaced China in last 9 years: UN report
According to the State of World Population 2019 report,India’s population grew at an average of 1.2% annually between 2010 and 2019.It is more than double the annual population growth rate of China.The report was published by the United Nations Population Fund’s(UNFP). The report says that 27% of India’s population was in the age bracket of… Continue reading India’s population growth rate outpaced China in last 9 years: UN report
IMF forecasts dip in global growth in 2019
The International Monetary Fund (IMF) in its World Economic Outlook(WEO) report has said that India is projected to grow at 7.3% in 2019 and 7.5% in 2020.The growth will be supported by the continued recovery of investment and robust consumption,thus remaining the fastest growing major economy of the world. IMF expects inflation to remain below… Continue reading IMF forecasts dip in global growth in 2019
India highest recipient of remittances at $79 bn in 2018: World Bank
According to the World Bank’s Migration and Development report,India has retained its position as the world’s top recipient of remittances with its diaspora sending a USD 79 billion back home in 2018.India was followed by China,Mexico,Philippines and Egypt. A foreign remittance is a transfer of money from a foreign worker to their family or other… Continue reading India highest recipient of remittances at $79 bn in 2018: World Bank
ADB sees India’s GDP growth at 7.2% in 2019-20
Asian Development Bank has published Asian Development Outlook 2019.In this,ADB has cut India’s growth forecast to 7.2% for 2019-20 because of a slower-than-expected pickup in investment demand.The growth rate in Financial Year 2020-21 is likely to be 7.3%. ADB has also mentioned that India will remain the fastest growing major economy, as China is projected… Continue reading ADB sees India’s GDP growth at 7.2% in 2019-20
